Assignments

Approved Plans Site in Astoria

14-47 29th Avenue, Astoria, NY 11102

14-47 29th Avenue, Astoria, NY 11102

under contract

Asking
Sale Price
$
1575000
1150000

Property Details

Status
Sold
Property Type
Residential Development Site
Price Summary
$
1575000
Sale Price
$
1150000
Buildable SF
5000
Building SF
5000
LOT SF
5000
Cap RATE
%
Zoning
R6B

Highlights

  • 25' x 100' Lot Zoned R6B. 5,000 BSF As-Of-Right.
  • Parking Waived
  • Delivered Vacant, Demolished, with Approved Plans.
  • Located in a strong rental and condo market with high demand and limited supply.

Property DEscription

Development opportunity in Astoria, NY. This 2,500 square foot lot, located at 14-47 29th Ave, offers a prime development site in a highly desirable area. The lot dimensions are 25' x 100', and the property is zoned R6B, allowing for the construction of a 5,000 square foot residential building. Zoning offers the opportunity to waive parking requirements. The property is located just 0.5 miles from the 30th Ave subway stop, providing access to the N /W trains for a quick 20-minute commute to Manhattan. This site is well-positioned in an area with strong demand for rental units and condominiums, with limited supply in the market. The property will be delivered vacant, demolished, and shovel-ready with approved plans in place

Map

Alexandre Goulet
Partner
(646) 559-4700
ag@landairnyc.com
Anand Melwani
Partner
(516) 658-1222
am@landairnyc.com

Documents

Offering Memorandum
Data Room

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